Suretech Adhesive Tapes Limited

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suretech adhesive tapes limited Company Information

Live

MatureSmallDeclining

Company Number

03617024

Website

www.suretech.co.uk

Registered Address

office suite 10 leicester road, ashby-de-la-zouch, LE65 1DB

Industry

Non-specialised wholesale trade

Telephone

01327301664

Next Accounts Due

September 2025

Group Structure

View All

Directors

Oliver Taylor26 Years

Matthew Stokes11 Years

Shareholders

oliver peter john taylor 100%

suretech adhesive tapes limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of SURETECH ADHESIVE TAPES LIMITED at £1.8m based on a Turnover of £2.6m and 0.68x industry multiple (adjusted for size and gross margin).

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Suretech Adhesive Tapes Limited is a live company located in ashby-de-la-zouch, LE65 1DB with a Companies House number of 03617024. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in August 1998, it's largest shareholder is oliver peter john taylor with a 100% stake. Suretech Adhesive Tapes Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Suretech Adhesive Tapes Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£15.9m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.1%)

EXPORT

Suretech Adhesive Tapes Limited's latest turnover from December 2023 is estimated at £2.6 million and the company has net assets of £163.6 thousand. According to their latest financial statements, Suretech Adhesive Tapes Limited has 21 employees and maintains cash reserves of £85.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,616,916	2,621,041	2,575,371	2,685,269	2,145,127	2,092,211	1,788,655	1,799,939	2,077,225	2,057,953	1,470,843	1,291,658	921,764	601,670	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,897,251	1,887,134	1,862,514	1,955,929	1,560,266	1,533,201	1,299,101	1,290,228	1,487,605	1,485,539	1,058,266	927,073	665,036	430,797	0
Gross Profit	719,665	733,907	712,857	729,340	584,861	559,010	489,554	509,711	589,620	572,415	412,577	364,585	256,729	170,873	0
Admin Expenses	622,228	689,918	619,717	718,997	617,686	689,052	470,655	553,512	566,013	476,137	342,638	339,721	242,032	139,292	-56,558
Operating Profit	97,437	43,989	93,140	10,343	-32,825	-130,042	18,899	-43,801	23,607	96,278	69,939	24,864	14,697	31,581	56,558
Interest Payable	28,665	20,922	11,893	11,323	8,479	4,086	5,260	6,201	2,615	0	0	0	0	0	0
Interest Receivable	2,147	0	0	0	100	210	118	40	163	287	196	127	158	71	2
Pre-Tax Profit	70,920	23,068	81,247	-980	-41,203	-133,919	13,757	-49,962	21,155	96,565	70,135	24,991	14,855	31,651	56,560
Tax	-17,730	-4,383	-15,437	0	0	0	-2,614	0	-4,231	-20,279	-16,131	-5,998	-3,862	-8,862	-15,837
Profit After Tax	53,190	18,685	65,810	-980	-41,203	-133,919	11,143	-49,962	16,924	76,286	54,004	18,993	10,993	22,789	40,723
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	53,190	18,685	65,810	-980	-41,203	-133,919	11,143	-49,962	16,924	76,286	54,004	18,993	10,993	22,789	40,723
Employee Costs	921,946	1,088,730	958,154	1,127,938	784,879	548,388	539,175	491,220	479,281	235,409	201,569	165,888	131,229	96,677	0
Number Of Employees	21	26	24	30	21	15	15	14	14	7	6	5	4	3	0
EBITDA*	112,731	61,779	104,128	26,541	-11,405	-100,786	44,626	-11,632	63,222	134,612	101,854	57,003	52,872	48,335	88,965

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	46,314	62,099	34,150	43,709	59,280	85,093	77,703	98,137	123,013	121,021	103,848	106,097	119,741	48,845	49,916
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	46,314	62,099	34,150	43,709	59,280	85,093	77,703	98,137	123,013	121,021	103,848	106,097	119,741	48,845	49,916
Stock & work in progress	280,352	199,184	337,408	291,725	264,743	308,691	202,479	272,520	242,936	194,826	162,285	155,222	68,505	75,792	98,959
Trade Debtors	130,366	102,365	41,053	57,255	76,769	96,761	153,842	104,587	184,533	367,900	199,163	168,914	138,317	73,286	86,502
Group Debtors	237,631	203,551	197,387	77,870	15,715	0	0	0	0	1,200	0	0	0	23,130	1,102
Misc Debtors	22,687	52,184	32,491	28,843	36,089	122,382	176,661	231,834	254,122	5,647	10,530	0	0	346	77
Cash	85,899	0	0	0	0	26,791	29,170	17,841	13,868	51,446	63,300	14,978	35,782	27,488	792
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	756,935	557,284	608,339	455,693	393,316	554,625	562,152	626,782	695,459	621,019	435,278	339,114	242,604	200,042	187,432
total assets	803,249	619,383	642,489	499,402	452,596	639,718	639,855	724,919	818,472	742,040	539,126	445,211	362,345	248,887	237,348
Bank overdraft	222,757	201,052	110,117	100,582	174,010	77,209	43,870	101,735	39,919	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	204,939	99,863	238,042	119,239	145,359	336,925	178,014	272,444	341,542	421,398	373,724	320,859	240,797	165,430	161,224
Group/Directors Accounts	0	0	0	0	52,252	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	159,279	140,210	122,924	148,718	43,152	142,533	202,362	126,583	133,138	0	0	0	0	0	0
total current liabilities	586,975	441,125	471,083	368,539	414,773	556,667	424,246	500,762	514,599	421,398	373,724	320,859	240,797	165,430	161,224
loans	41,297	56,071	73,214	96,667	0	0	0	16,227	40,547	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	75,079	0	17,188	35,937	11,610	26,444
provisions	11,401	11,801	6,491	8,305	10,952	14,977	13,616	17,080	22,514	21,675	17,800	13,566	11,006	8,235	8,857
total long term liabilities	52,698	67,872	79,705	104,972	10,952	14,977	13,616	33,307	63,061	96,754	17,800	30,754	46,943	19,845	35,301
total liabilities	639,673	508,997	550,788	473,511	425,725	571,644	437,862	534,069	577,660	518,152	391,524	351,613	287,740	185,275	196,525
net assets	163,576	110,386	91,701	25,891	26,871	68,074	201,993	190,850	240,812	223,888	147,602	93,598	74,605	63,612	40,823
total shareholders funds	163,576	110,386	91,701	25,891	26,871	68,074	201,993	190,850	240,812	223,888	147,602	93,598	74,605	63,612	40,823

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	97,437	43,989	93,140	10,343	-32,825	-130,042	18,899	-43,801	23,607	96,278	69,939	24,864	14,697	31,581	56,558
Depreciation	15,294	17,790	10,988	16,198	21,420	29,256	25,727	32,169	39,615	38,334	31,915	32,139	38,175	16,754	32,407
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-17,730	-4,383	-15,437	0	0	0	-2,614	0	-4,231	-20,279	-16,131	-5,998	-3,862	-8,862	-15,837
Stock	81,168	-138,224	45,683	26,982	-43,948	106,212	-70,041	29,584	48,110	32,541	7,063	86,717	-7,287	-23,167	98,959
Debtors	32,584	87,169	106,963	35,395	-90,570	-111,360	-5,918	-102,234	63,908	165,054	40,779	30,597	41,555	9,081	87,681
Creditors	105,076	-138,179	118,803	-26,120	-191,566	158,911	-94,430	-69,098	-79,856	47,674	52,865	80,062	75,367	4,206	161,224
Accruals and Deferred Income	19,069	17,286	-25,794	105,566	-99,381	-59,829	75,779	-6,555	133,138	0	0	0	0	0	0
Deferred Taxes & Provisions	-400	5,310	-1,814	-2,647	-4,025	1,361	-3,464	-5,434	839	3,875	4,234	2,560	2,771	-622	8,857
Cash flow from operations	104,994	-7,132	27,240	40,963	-171,859	4,805	95,856	-20,069	1,094	-31,713	94,980	16,313	92,880	57,143	56,569
Investing Activities
capital expenditure	491	-45,739	-1,429	-627	4,393	-36,646	-5,293	-7,293	-41,607	-55,507	-29,666	-18,495	-109,071	-15,683	-82,323
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	491	-45,739	-1,429	-627	4,393	-36,646	-5,293	-7,293	-41,607	-55,507	-29,666	-18,495	-109,071	-15,683	-82,323
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-52,252	52,252	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-14,774	-17,143	-23,453	96,667	0	0	-16,227	-24,320	40,547	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-75,079	75,079	-17,188	-18,749	24,327	-14,834	26,444
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-26,518	-20,922	-11,893	-11,323	-8,379	-3,876	-5,142	-6,161	-2,452	287	196	127	158	71	2
cash flow from financing	-41,292	-38,065	-35,346	33,092	43,873	-3,876	-21,369	-30,481	-36,984	75,366	-16,992	-18,622	24,485	-14,763	26,546
cash and cash equivalents
cash	85,899	0	0	0	-26,791	-2,379	11,329	3,973	-37,578	-11,854	48,322	-20,804	8,294	26,696	792
overdraft	21,705	90,935	9,535	-73,428	96,801	33,339	-57,865	61,816	39,919	0	0	0	0	0	0
change in cash	64,194	-90,935	-9,535	73,428	-123,592	-35,718	69,194	-57,843	-77,497	-11,854	48,322	-20,804	8,294	26,696	792

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for suretech adhesive tapes limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in LE65 area or any other competitors across 12 key performance metrics.

SURETECH ADHESIVE TAPES LIMITED group structure

Suretech Adhesive Tapes Limited has no subsidiary companies.

Ultimate parent company

SURETECH ADHESIVE TAPES LIMITED

03617024

SURETECH ADHESIVE TAPES LIMITED Shareholders

oliver peter john taylor

100%

Suretech Adhesive Tapes Limited currently has 2 directors. The longest serving directors include Mr Oliver Taylor (Aug 1998) and Mr Matthew Stokes (Jan 2013).

officer	country	age	start	end	role
Mr Oliver Taylor	England	56 years	Aug 1998	-	Director
Mr Matthew Stokes	England	45 years	Jan 2013	-	Director

P&L

December 2023

turnover

2.6m

operating profit

97.4k

gross margin

27.6%

-1.79%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

163.6k

+0.48%

total assets

803.2k

+0.3%

cash

85.9k

net assets

Total assets minus all liabilities

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company number

03617024

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

August 1998

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2023

address

office suite 10 leicester road, ashby-de-la-zouch, LE65 1DB

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 3 charges/mortgages relating to suretech adhesive tapes limited. Currently there are 1 open charges and 2 have been satisfied in the past.

suretech adhesive tapes limited Company Information

suretech adhesive tapes limited Estimated Valuation

suretech adhesive tapes limited Estimated Valuation

suretech adhesive tapes limited Estimated Valuation

Suretech Adhesive Tapes Limited Overview

Suretech Adhesive Tapes Limited Health Check

SURETECH ADHESIVE TAPES LIMITED financials

suretech adhesive tapes limited Credit Report and Business Information

Suretech Adhesive Tapes Limited Competitor Analysis

suretech adhesive tapes limited Ownership

suretech adhesive tapes limited directors

suretech adhesive tapes limited company details

suretech adhesive tapes limited Charges & Mortgages

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